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CryptoPolicy

Coinbase Stock Surged On A Bill Its Own CEO Says It Can Live Without

Robinhood and Bakkt fell in the very session Coinbase surged, which points the cause at Washington rather than at the price of bitcoin.

Trefis

Publisher

Aug 21, 2026 at 5:41 PM UTC · 3 分钟阅读

Coinbase Stock Surged On A Bill Its Own CEO Says It Can Live Without
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Entities

coinbase

Last Updated

9 分钟前

翻译中…

Robinhood and Bakkt fell in the very session Coinbase surged, which points the cause at Washington rather than at the price of bitcoin.

Coinbase Global (COIN) stock rose 7.6% on Thursday to close at $172.35, its second straight sharp gain. The news that morning was political: after a White House meeting with crypto executives that included Coinbase’s own CEO, the administration urged Congress to pass the CLARITY Act. The odd part is what the company has already said about needing that bill.

Bitcoin Rallied Into Thursday’s Open And Two Crypto Peers Still Fell

Thursday’s coverage credited the jump to a rebound in crypto prices and to the Washington news together. The tape supports only one of them. Over the same session the S&P 500 slipped 0.8%, and so did two of the crypto-linked names: Robinhood Markets (HOOD) fell 0.7% and Bakkt (BKKT) fell 3.1%, while bitcoin was extending its recent rally as Thursday opened. PayPal (PYPL) added 1.7%. A rebound in coin prices that left Robinhood and Bakkt lower is not what moved this one.

What The CLARITY Act Would Actually Change

The CLARITY Act would take oversight of most crypto trading away from securities regulators, so its fate bears directly on this stock. On Wednesday morning it was being written up as trading below a key level amid uncertainty over the bill’s outcome.

Market Context

Bitcoin

BTC

$77,348

+6.82% (24H)

Market Cap

$1.55T

Circulating Supply

20.1M BTC

24H Volume

$67.7B

24H High

$79,511

View Bitcoin Market Page

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coinbase

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